Altcoin News by Thebittimes.Com

England and Wales have seen electricity thefts rise by 75% since 2012, in large part due to cannabis farms, cryptocurrency mining, and the cost-of-living crisis, a BBC analysis has found. Over 3,500 offences were reported in 2021 to 2022 — the highest its ever been. According to a spokesperson for the National Police Chiefs’ Council (NPCC) who spoke to the outlet, electricity theft poses “a growing problem.” “It is a concerning crime as it can put people’s safety at risk and support the activity of serious organised crime,” the spokesperson said. Electricity theft involves tampering with or bypassing meters to avoid paying for energy. While tempting, the risks can be deadly; exposed wires and bypassing fuse boxes increase the likelihood of fires and death. Using figures from 42 police forces across England and Wales, the BBC found that the past three years have surpassed records. However, while some forces saw sharp rises in electricity the...

Join Our Telegram channel to stay up to date on breaking news coverage The repercussions of FTX, the second-largest cryptocurrency exchange in the world, declaring bankruptcy earlier this month have been felt globally. However, there are some less than innocent people among the numerous victims. Cryptocurrency theft has proven to be a (relatively) easy means for the Democratic People’s Republic of Korea, a nation under stringent sanctions, to finance its growing nuclear weapons. It is well known that for years, North Korea’s military operation under Kim Jong-un has been stealing cryptocurrencies to fund its nuclear and missile programs. However, researchers believe North Korea has lost most of its cryptocurrency holdings due to the general decline in the cryptocurrency market, the recent FTX meltdown, and other other problems. Can we anticipate a halt or slowdown in its nuclear weapons development ? It seems improbable. What North Korean hackers have been doin...